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20130201
20130228
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PBS
Feb 26, 2013 6:00pm EST
, measure what that means for us. what does that mean? >> i think the good news here is that the u.s. economy is actually growing at probably about a 2% rate. so if the full sequester goes in and stays in place for the full year between now and the end of the year, then it's essentially what mr. bernanke is saying growth will be 1.5% instead of 2%. i doubt very much that's the way it's going to pan out. eventually some kind of compromise will be worked out. but again the good news is that the u.s. consumers, u.s. businesses, are beginning to spend, are beginning to hire in the case of businesses, and that momentum seems to actually be picking up a little bit. so even in the worst case scenario we're not talking a recession. we're talking slower growth which isn't good... >> ifill: not good at a time when you're recovering. so when people look at this debate that's going on now, how do we look at it? do we look at it long-term, short term? do we look at the reality or the possibility? what is the greatest, most damaging part of this? >> well, i think the damaging part of it is, you kn
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